1. Register with SARS
- Ensure you are registered for income tax.
- Businesses: Register for Corporate Income Tax (CIT) and, if applicable, Value Added Tax (VAT).
- Freelancers/sole proprietors: Register as a natural person.
2. Keep accurate records
- Issue and receive invoices
- Bank statements
- Proof of business expenses
- Payroll records (for employees)
- Asset register for depreciation
3. Know your tax year
- Individuals: 1 March to 28/29 February
- Businesses: Financial year based on company registration (please confirm with your tax advisor)
4. Record all income
- Salaries and freelance income
- Rental income (if applicable)
- Dividends, interest, and investments
- Foreign income (if applicable)
5. List all deductions
- Business expenses
- Travel expenses (with proof)
- Retirement contributions
- Medical aid and healthcare expenses
- Donations to registered charities (with receipt)
6. Submit your tax return
- Via SARS eFiling or the SARS MobiApp
- Tax filing for individuals usually opens in July
- If a tax advisor submits for you: make sure they are registered with SARS
7. Meet the deadlines
- Provisional taxpayers: submit twice a year (August & February)
- Final submission (non-provisional): usually by the end of October / early November
- Late submission = penalties
8. Keep documents for 5 years
SARS may request proof or conduct an audit. Always keep:
- IRP5s / IT3(a)s
- Receipts
- Proof of expenses
- Correspondence with SARS
Need support?
At IMMK Kap, we help businesses, freelancers, and expats meet their tax obligations in South Africa. From preparing your return to dealing with SARS – we make the process simple and compliant.